FOB PROCEDURE

1 Buyer issues ICPO, and company registration certificate and data page of buyer’s Passport or any I.D.

2. Seller issues Commercial Invoice (CI) & Warning Letter to buyer, buyer signs and returns back to the seller with his tank farm TSA. Seller provides the below documents to the buyer.

•Company Registration Certificate.

•Product Quality Passport (Dip Test Result).

•Statement of Product Availability

•Certificate of Origin of the Product.

3. Seller logistics team verify the buyer’s provided tank farm and pay 4 days first on buyer’s tank farm and after confirmation of the funds by buyer’s tank farm, Buyer pays the remaining 1 day to his Tank Farm Company to obtain 5 Days TSR, to show both parties proof of readiness. GPS Coordinate-Tank storage receipt (TSR)

4. Seller issues following POP documents to Buyer:

a) Injection report

b) Dip test authorization letter (DTA) - Unconditional

c) Authorization to sell

d) Fresh SGS Report or equivalent.

e) Authorization to verify the product in seller's tank (ATV)

5. Buyer conducts Dip test on the product and makes the payment for the total value of product injected into the tanks through the means of MT103- TT.

6. Product Injection to buyer’s tank proceed.

7. Seller pays all intermediaries involved in the transaction and subsequently, monthly shipment continues as per terms and conditions of the Commercial Invoice and extension of the transaction by issuing 12 months’ contract to the buyer for proceeding.